General Insurance of India : Statement of Related Party Transaction for the half year ended 30.09.2023

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans,

inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be

disclosed only once, during the reporting period when such transaction was undertaken.

Details of the party

In case monies are

In case any financial indebtedness is incurred to make or

(listed entity

Details of the counterparty

Value of

due to either party as

Details of the loans, inter-corporate deposits, advances or

/subsidiary) entering

a result of the

give loans, inter-corporate deposits, advances or

investments

the related

investments

into the transaction

Type of

Details of

Value of

transaction

other

party

transactio

related

transaction

Nature

Sr No.

related

Remarks on approval by

n during

Purpose for

party

party

as

audit committee

the

(loan/

transactio

approved

Nature of

which the funds

Relationship of the

transactio

reporting

Details of

advance/

indebtedness

will be utilised

Name

Name

counterparty with the

n

n

by the

period

Opening

Closing

other

intercorp

Interest

Secured/

audit

(loan/ issuance

Cost

Tenure

Tenure

by the ultimate

listed entity or its

balance

balance

indebtedn

orate

Rate (%)

unsecured

committee

of debt/ any

recipient of

subsidiary

ess

deposit/

other etc.)

funds

investme

(endusage)

nt )

GIC RE

South

Transaction in the

Africa Ltd.

Any other

ordinary course of

General Insurance

Johannesb

transactio

Reinsuran

business approved by

1 Corporation of India

urg, S.A.

Subsidiaries

n

ce

the Audit Committee

4.78

0.00

0.00

GIC RE

India

Corporate

Transaction in the

Member

Any other

ordinary course of

General Insurance

London,U.

transactio

Reinsuran

business approved by

2 Corporation of India

K.

Subsidiaries

n

ce

the Audit Committee

1101.19

0.00

0.00

GIC

Transaction in the

Perestrak

Any other

ordinary course of

General Insurance

hovanie

transactio

Reinsuran

business approved by

3 Corporation of India

LLC

Subsidiaries

n

ce

the Audit Committee

14.20

0.00

0.00

Agricultur

e

Insurance

Transaction in the

Company

Any other

ordinary course of

General Insurance

of India

transactio

Reinsuran

business approved by

4 Corporation of India

Ltd

Associate

n

ce

the Audit Committee

1052.73

0.00

0.00

India

Transaction in the

Internatio

Any other

ordinary course of

General Insurance

nal Pte

transactio

Reinsuran

business approved by

5 Corporation of India

Ltd.

Associate

n

ce

the Audit Committee

67.05

0.00

0.00

		GIC		Any other		ordinary course of
	General Insurance	Bhutan RE		transactio	Reinsuran	business approved by
6	Corporation of India	Ltd.	Associate	n	ce	the Audit Committee	4.08	0.00	0.00
		Shri	Key Managerial
	General Insurance	Devesh	Personnel - Chief	Remunera		As per Government
7	Corporation of India	Srivastava	Executive Officer	tion		Norms	0.28	0.00	0.00
			Key Managerial
		Smt.	Personnel -General
	General Insurance	Jayashree	Manager & Chief	Remunera		As per Government
8	Corporation of India	Ranade	Finance Officer	tion		Norms	0.19	0.00	0.00
			Key Managerial
			Personnel - General
	General Insurance	Shri V.	Manager & Chief	Remunera		As per Government
9	Corporation of India	Balkrishna	Underwriting Officer	tion		Norms	0.14	0.00	0.00
		Smt.	Key Managerial
		Radhika	Personnel - Deputy
	General Insurance	Ravisheka	General Manager &	Remunera		As per Government
10	Corporation of India	r	Chief Investment Officer	tion		Norms	0.14	0.00	0.00
			Key Managerial
		Smt.	Personnel - General
	General Insurance	Jayashri	Manager & Chief Risk	Remunera		As per Government
11	Corporation of India	Balkrishna	Officer	tion		Norms	0.15	0.00	0.00
	General Insurance	Shri S. K.	Personnel - General	Remunera		As per Government
12	Corporation of India	Rath	Manager	tion		Norms	0.17	0.00	0.00
			Key Managerial
			Personnel - Deputy
		Shri	General Manager &
	General Insurance	Satheesh	Chief Compliance	Remunera		As per Government
13	Corporation of India	Kumar	Officer	tion		Norms	0.14	0.00	0.00
		Smt.	Key Managerial
	General Insurance	Madhulika	Personnel - General	Remunera		As per Government
14	Corporation of India	Bhaskar	Manager & Director	tion		Norms	0.38	0.00	0.00
			Key Managerial
		Shri	Personnel - General
	General Insurance	Sateesh N.	Manager & Appointed	Remunera		As per Government
15	Corporation of India	Bhat	Actuary (Non-Life)	tion		Norms	0.43	0.00	0.00
		Shri	Key Managerial
		Vikash	Personnel - General
	General Insurance	Kumar	Manager & Appointed	Remunera		As per Government
16	Corporation of India	Sharma	Actuary (Life)	tion		Norms	0.34	0.00	0.00
		Shri	Key Managerial
	General Insurance	Inderjeet	Personnel - General	Remunera		As per Government
17	Corporation of India	Singh	Manager & Director	tion		Norms	0.30	0.00	0.00

	General Insurance	Hitesh	Personnel - General	Remunera		As per Government
18	Corporation of India	Joshi	Manager	tion		Norms
		Shri N.	Key Managerial
	General Insurance	Ramaswa	Personnel - General	Remunera		As per Government
19	Corporation of India	my	Manager	tion		Norms
			Key Managerial
		Shri	Personnel -Deputy
	General Insurance	Rajesh	General Manager &	Remunera		As per Government
20	Corporation of India	Khadatare	Chief Marketing Officer	tion		Norms
		Smt.
	General Insurance	Modha		Remunera		As per Government
21	Corporation of India	Poojary	Independent Director	tion		Norms
				Any other		letter ref A-
	General Insurance	Shri T.		transactio	Sitting	15011/01/2011-Ins.I
22	Corporation of India	Sivakumar	Independent Director	n	Fees	dated 14.10.2015
						As per Govt of India
		Shri Priya		Any other		letter ref A-
	General Insurance	Bhushan		transactio	Sitting	15011/01/2011-Ins.I
23	Corporation of India	Sharma	Independent Director	n	Fees	dated 14.10.2015
						As per Govt of India
				Any other		letter ref A-
	General Insurance	Ms. Vinita		transactio	Sitting	15011/01/2011-Ins.I
24	Corporation of India	Kumari	Independent Director	n	Fees	dated 14.10.2015

Total value of transaction during the reporting period

0.19	0.00	0.00
0.20	0.00	0.00
0.18	0.00	0.00
0.15	0.00	0.00
0.02	0.00	0.00
0.01	0.00	0.00
0.02	0.00	0.00

2247.45